Orin Green Financial LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,816 shares of the e-commerce giant’s stock after purchasing an additional 473 shares during the period. Amazon.com comprises 0.7% of Orin Green Financial LLC’s portfolio, making the stock its 26th largest holding. Orin Green Financial LLC’s holdings in Amazon.com were worth $1,715,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth approximately $36,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at $42,000. Finally, Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $48,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Up 0.3%
Shares of NASDAQ AMZN opened at $249.10 on Wednesday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.66 trillion, a P/E ratio of 37.97, a P/E/G ratio of 1.52 and a beta of 1.29. The firm has a 50 day moving average price of $228.25 and a 200 day moving average price of $219.87.
Insider Activity
In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 128,084 shares of company stock valued at $29,405,457. Company insiders own 9.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on AMZN. Evercore ISI upped their price target on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald boosted their price objective on Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. New Street Research raised their target price on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $294.15.
Get Our Latest Stock Report on Amazon.com
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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